Daily Index Cycle update

US equities closed significantly higher, sp +33pts @ 2083. The two leaders - Trans/R2K, both settled higher by 1.6%. Near term outlook offers threat of a minor retrace, but broadly.. the 2100s look a given, with new historic highs into year end, highly probable.


sp'daily5

Dow

Summary

Suffice to add... market ended the day on a particularly bullish note.

Regardless of any sporadic retrace.. the broader trend looks strongly bullish into the next FOMC of Dec'16th.

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a little more later...